Why? Why not just develop using a sub-domain, then when you are ready to move the files and data to the real location, export the tables as an sql file, make changes (in DW you can add .sql to the file types in your prefs so that it will open the file as a text file) to the blog name and url and email related stuff (email address, username and password). I do a search and replace swapping (for example)
newdomain.com for subdomain.olddomain.com or example.com for subdomain.example.com, depending on whether I am developing on my servers and moving to a client's server or keeping the domains the same, but ditching the subdomain.
Then, install WP in the new location, use phpMyadmin to drop the tables, import your data and upload the custom theme, plugins and modified core files to the new location.
Why go to the bother of having mySQL, phpMyadmin, php, etc all installed locally? Just curious.